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The Uncommon Sense of Li Lu's Partner, Jing (Gene) Chang

kingswell.io · 594 words · saved by 1 readers

“The [stock] market exists to explore the weaknesses of our human nature,” says Chang.

The Financial Times once noted that Himalaya Capital’s office “is carbon copied from Berkshire Hathaway” and often feels more like a library than an investment fund with billions of dollars under management. “We joke that Himalaya is an academic institution where Li Lu is the professor, I’m the teaching assistant, and the analysts are the students,” said chief operating officer and managing director Jing (Gene) Chang. But, today, we get to be the students. A reader kindly sent me the transcript of a recent conversation between Jing Chang and prominent Chinese economist Guan Qingyou, in…

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